Hypersonic Flight Market By Industry (Military, Space, Commercial) , By Vehicle Type (Hypersonic Aircraft, Hypersonic Spacecraft) By Range (Propulsion, Aerostructure, Avionics) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Hypersonic Flight Market

The hypersonic flight market was valued at $786.0 million in 2023 and is projected to reach $1.3 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.

A hypersonic flight is the one at or beyond the speed of Mach 5. Such flights are conducted through the atmosphere below altitude of approximately 90 kilometers. Mach 5 is a speed where air dissociation becomes significant with high heat load. Hypersonic flights find applications in diverse sectors such as high-speed commercial transportation, advanced military weaponry, and space exploration. Owing to advancements in materials science, aerodynamic design, and propulsion systems, the market flourishes with noteworthy investments from governmental defense agencies and private aerospace companies.

Strengthening defense and military systems around the globe is one of the key drivers of the hypersonic flight market. In addition, continuous projects of space exploration boost the demand for hypersonic flights as they allow for quick deployment of satellites or other assets. In recent times, innovations in hypersonic glide vehicle technology are gaining noteworthy traction, particularly for military applications such as prompt global strike systems. Such vehicles have the ability to transition between hypersonic speeds and maneuver during flight.

However, the costs and complexities associated with the manufacturing of hypersonic flights are challenging, specifically for developing nations, hence constraining the market development. Furthermore, the market is obligated to follow the stringent protocols imposed regarding environmental impact, safety, and international airspace regulations. Compliance with such regulations is a rigorous and time-consuming task, which restrains market growth. On the contrary, the widely occurring launches and developments are an indicator of the potential of the stakeholders who create opportunities for the expansion of the market. For instance, Hermeus, an Atlanta-based startup, introduced Quarterhorse Mk 1 - a high-speed, jet-powered aircraft on March 2024. This is the first reusable hypersonic flight across the globe, marking a significant step by the company toward the goal of cutting-edge hypersonic flights.

Segment Review

The hypersonic flight market is segmented into industry, vehicle type, range, and region. On the basis of industry, the market is divided into military, space, and commercial. By vehicle type, it is bifurcated into hypersonic aircraft and hypersonic spacecraft. Depending on range, it is classified into propulsion, aerostructure, and avionics. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of industry, the space segment is expected to witness rapid growth throughout the forecast period.

By vehicle type, the hypersonic spacecraft segment is projected to lead the market during the forecast period.

Depending on range, the propulsion segment is anticipated to be the highest shareholder during the forecast period.

Region wise, Asia-Pacific is predicted to be the highest revenue generator by 2033.

Competition Analysis

The major players operating in the global hypersonic flight market include Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing Company, Raytheon Technologies Corporation, BAE Systems plc, Aerojet Rocketdyne Holdings, Inc., Thales Group, MITSUBISHI HEAVY INDUSTRIES, LTD., Saab AB., and Reaction Engines Limited. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.

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Investment Opportunities
Market share analysis of players by products/segments
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Industry

Military
Space
Commercial

By Vehicle Type

Hypersonic Aircraft
Hypersonic Spacecraft

By Range

Propulsion
Aerostructure
Avionics

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

Lockheed Martin Corporation
Northrop Grumman Corporation
Boeing Company
Raytheon Technologies Corporation
BAE Systems plc
Aerojet Rocketdyne Holdings, Inc.
Thales Group
MITSUBISHI HEAVY INDUSTRIES, LTD.
Saab AB.
Reaction Engines Limited

Product Code: A323802

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: HYPERSONIC FLIGHT MARKET, BY INDUSTRY

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Industry
4.2. Military
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Space
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Commercial
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: HYPERSONIC FLIGHT MARKET, BY VEHICLE TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Vehicle Type
5.2. Hypersonic Aircraft
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Hypersonic Spacecraft
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: HYPERSONIC FLIGHT MARKET, BY RANGE

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Range
6.2. Propulsion
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Aerostructure
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Avionics
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country

CHAPTER 7: HYPERSONIC FLIGHT MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Industry
- 7.2.3. Market Size and Forecast, By Vehicle Type
- 7.2.4. Market Size and Forecast, By Range
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Hypersonic Flight Market
  - 7.2.6.1. Market Size and Forecast, By Industry
  - 7.2.6.2. Market Size and Forecast, By Vehicle Type
  - 7.2.6.3. Market Size and Forecast, By Range
- 7.2.7. Canada Hypersonic Flight Market
  - 7.2.7.1. Market Size and Forecast, By Industry
  - 7.2.7.2. Market Size and Forecast, By Vehicle Type
  - 7.2.7.3. Market Size and Forecast, By Range
- 7.2.8. Mexico Hypersonic Flight Market
  - 7.2.8.1. Market Size and Forecast, By Industry
  - 7.2.8.2. Market Size and Forecast, By Vehicle Type
  - 7.2.8.3. Market Size and Forecast, By Range
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Industry
- 7.3.3. Market Size and Forecast, By Vehicle Type
- 7.3.4. Market Size and Forecast, By Range
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Hypersonic Flight Market
  - 7.3.6.1. Market Size and Forecast, By Industry
  - 7.3.6.2. Market Size and Forecast, By Vehicle Type
  - 7.3.6.3. Market Size and Forecast, By Range
- 7.3.7. Germany Hypersonic Flight Market
  - 7.3.7.1. Market Size and Forecast, By Industry
  - 7.3.7.2. Market Size and Forecast, By Vehicle Type
  - 7.3.7.3. Market Size and Forecast, By Range
- 7.3.8. Italy Hypersonic Flight Market
  - 7.3.8.1. Market Size and Forecast, By Industry
  - 7.3.8.2. Market Size and Forecast, By Vehicle Type
  - 7.3.8.3. Market Size and Forecast, By Range
- 7.3.9. Spain Hypersonic Flight Market
  - 7.3.9.1. Market Size and Forecast, By Industry
  - 7.3.9.2. Market Size and Forecast, By Vehicle Type
  - 7.3.9.3. Market Size and Forecast, By Range
- 7.3.10. UK Hypersonic Flight Market
  - 7.3.10.1. Market Size and Forecast, By Industry
  - 7.3.10.2. Market Size and Forecast, By Vehicle Type
  - 7.3.10.3. Market Size and Forecast, By Range
- 7.3.11. Russia Hypersonic Flight Market
  - 7.3.11.1. Market Size and Forecast, By Industry
  - 7.3.11.2. Market Size and Forecast, By Vehicle Type
  - 7.3.11.3. Market Size and Forecast, By Range
- 7.3.12. Rest of Europe Hypersonic Flight Market
  - 7.3.12.1. Market Size and Forecast, By Industry
  - 7.3.12.2. Market Size and Forecast, By Vehicle Type
  - 7.3.12.3. Market Size and Forecast, By Range
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Industry
- 7.4.3. Market Size and Forecast, By Vehicle Type
- 7.4.4. Market Size and Forecast, By Range
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Hypersonic Flight Market
  - 7.4.6.1. Market Size and Forecast, By Industry
  - 7.4.6.2. Market Size and Forecast, By Vehicle Type
  - 7.4.6.3. Market Size and Forecast, By Range
- 7.4.7. Japan Hypersonic Flight Market
  - 7.4.7.1. Market Size and Forecast, By Industry
  - 7.4.7.2. Market Size and Forecast, By Vehicle Type
  - 7.4.7.3. Market Size and Forecast, By Range
- 7.4.8. India Hypersonic Flight Market
  - 7.4.8.1. Market Size and Forecast, By Industry
  - 7.4.8.2. Market Size and Forecast, By Vehicle Type
  - 7.4.8.3. Market Size and Forecast, By Range
- 7.4.9. South Korea Hypersonic Flight Market
  - 7.4.9.1. Market Size and Forecast, By Industry
  - 7.4.9.2. Market Size and Forecast, By Vehicle Type
  - 7.4.9.3. Market Size and Forecast, By Range
- 7.4.10. Australia Hypersonic Flight Market
  - 7.4.10.1. Market Size and Forecast, By Industry
  - 7.4.10.2. Market Size and Forecast, By Vehicle Type
  - 7.4.10.3. Market Size and Forecast, By Range
- 7.4.11. Thailand Hypersonic Flight Market
  - 7.4.11.1. Market Size and Forecast, By Industry
  - 7.4.11.2. Market Size and Forecast, By Vehicle Type
  - 7.4.11.3. Market Size and Forecast, By Range
- 7.4.12. Malaysia Hypersonic Flight Market
  - 7.4.12.1. Market Size and Forecast, By Industry
  - 7.4.12.2. Market Size and Forecast, By Vehicle Type
  - 7.4.12.3. Market Size and Forecast, By Range
- 7.4.13. Indonesia Hypersonic Flight Market
  - 7.4.13.1. Market Size and Forecast, By Industry
  - 7.4.13.2. Market Size and Forecast, By Vehicle Type
  - 7.4.13.3. Market Size and Forecast, By Range
- 7.4.14. Rest of Asia-Pacific Hypersonic Flight Market
  - 7.4.14.1. Market Size and Forecast, By Industry
  - 7.4.14.2. Market Size and Forecast, By Vehicle Type
  - 7.4.14.3. Market Size and Forecast, By Range
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Industry
- 7.5.3. Market Size and Forecast, By Vehicle Type
- 7.5.4. Market Size and Forecast, By Range
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Hypersonic Flight Market
  - 7.5.6.1. Market Size and Forecast, By Industry
  - 7.5.6.2. Market Size and Forecast, By Vehicle Type
  - 7.5.6.3. Market Size and Forecast, By Range
- 7.5.7. South Africa Hypersonic Flight Market
  - 7.5.7.1. Market Size and Forecast, By Industry
  - 7.5.7.2. Market Size and Forecast, By Vehicle Type
  - 7.5.7.3. Market Size and Forecast, By Range
- 7.5.8. Saudi Arabia Hypersonic Flight Market
  - 7.5.8.1. Market Size and Forecast, By Industry
  - 7.5.8.2. Market Size and Forecast, By Vehicle Type
  - 7.5.8.3. Market Size and Forecast, By Range
- 7.5.9. UAE Hypersonic Flight Market
  - 7.5.9.1. Market Size and Forecast, By Industry
  - 7.5.9.2. Market Size and Forecast, By Vehicle Type
  - 7.5.9.3. Market Size and Forecast, By Range
- 7.5.10. Argentina Hypersonic Flight Market
  - 7.5.10.1. Market Size and Forecast, By Industry
  - 7.5.10.2. Market Size and Forecast, By Vehicle Type
  - 7.5.10.3. Market Size and Forecast, By Range
- 7.5.11. Rest of LAMEA Hypersonic Flight Market
  - 7.5.11.1. Market Size and Forecast, By Industry
  - 7.5.11.2. Market Size and Forecast, By Vehicle Type
  - 7.5.11.3. Market Size and Forecast, By Range

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Lockheed Martin Corporation
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Northrop Grumman Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Boeing Company
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Raytheon Technologies Corporation
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. BAE Systems Plc
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Aerojet Rocketdyne Holdings, Inc.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Thales Group
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. MITSUBISHI HEAVY INDUSTRIES, LTD.
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Saab AB.
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Reaction Engines Limited
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments